IMARICH1
12-11-2007, 09:36 AM
Dustin I am going to invite you in on this one as well so I hope to see a post! : )
Can anyone share on how this bank flow data gets to Jonathan? Does he work at a Big Bank and he can see the orders piling on or does he look at it all from a technical side and information he receives from Bank Investors? I am just curious how it works as I have friend in London who is a professional trader and he has Bank Investors call him for his ****ysis of where the market is heading. I did not know if Jonathan works this way or he actually knows where orders are piling on at.
My friend does not see these orders; rather, he uses a system on the tech side that gives him a Buy or Sell signal as he knows where the Big players are at and where the small players are at. He does well but some months he has done avg to poor when the market is not trending as much.
I just wondered if Jonathan is doing something similar to this and how he knows where these Bank Levels are at so I can be a little more confident in trying to enter into some of these calls. I got hurt on the USD/CAD though it came back and did exactly as predicted. I did not do well on the Eur/USD either as it has not made its move down so I just got out of it altogether and took a small loss after holding and hedging for over 3 weeks. I got in at 4600 and have let it go up and down for this time period waiting for the drop to 1.40's. I decided to get out of it and try and trade smaller moves intraday.
I am very glad this bank flow has been added to our style of trading as it nice to know there is something to help bring in some money in the months when the brokers are not filling.
Curious and trying to learn,
IMARICH1 (someday I hope to be=I'm a rich one)
Can anyone share on how this bank flow data gets to Jonathan? Does he work at a Big Bank and he can see the orders piling on or does he look at it all from a technical side and information he receives from Bank Investors? I am just curious how it works as I have friend in London who is a professional trader and he has Bank Investors call him for his ****ysis of where the market is heading. I did not know if Jonathan works this way or he actually knows where orders are piling on at.
My friend does not see these orders; rather, he uses a system on the tech side that gives him a Buy or Sell signal as he knows where the Big players are at and where the small players are at. He does well but some months he has done avg to poor when the market is not trending as much.
I just wondered if Jonathan is doing something similar to this and how he knows where these Bank Levels are at so I can be a little more confident in trying to enter into some of these calls. I got hurt on the USD/CAD though it came back and did exactly as predicted. I did not do well on the Eur/USD either as it has not made its move down so I just got out of it altogether and took a small loss after holding and hedging for over 3 weeks. I got in at 4600 and have let it go up and down for this time period waiting for the drop to 1.40's. I decided to get out of it and try and trade smaller moves intraday.
I am very glad this bank flow has been added to our style of trading as it nice to know there is something to help bring in some money in the months when the brokers are not filling.
Curious and trying to learn,
IMARICH1 (someday I hope to be=I'm a rich one)